News
Bitget Releases MENA Investor Stats On Imminent Bitcoin Halving
The crypto exchange has conducted a study revealing MENA investors’ bullish sentiment on BTC, with 82% planning increased 2024 investments.
Renowned cryptocurrency exchange and Web3 company Bitget has published an extensive study examining the imminent Bitcoin halving set for April 2024 and its potential impact on investment strategies.
The global investigation included the MENA region and revealed how investors felt about the upcoming Bitcoin halving event and the alterations they plan on making to their investment strategies.
Key Findings From The Bitget Study:
- 80% of MENA investors anticipate that the halving will substantially influence Bitcoin’s price, with 54% envisioning Bitcoin’s value fluctuating between the $30,000 to $60,000 range at the time of the halving.
- 88% of MENA participants think BTC will surpass its all-time high during the upcoming bull run.
- 82% of crypto investors residing in MENA countries intend to augment their investments in 2024, with merely 4% planning a reduction in crypto holdings.
The data suggests a sense of optimism among MENA investors, both in the short-term and long-term prospects of Bitcoin. Notably, MENA crypto enthusiasm outshines that of European investors, with only Latin American crypto enthusiasts being more bullish.
Turning attention to the post-halving era, MENA investors strongly agree that BTC will outperform its previous all-time high during the impending bull run. Despite resounding optimism, only 26% of MENA investors believe the cryptocurrency will reach the $100,000 mark within the current year.
Gracy Chen, Bitget’s Managing Director, commented: “The Bitget Study on BTC halving impacts provides valuable insights into the evolving landscape of cryptocurrency investment. The findings reflect a broad spectrum of expectations and investment plans, indicating that 2024 will be a significant year for the Bitcoin market”.
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Interestingly, investors in Eastern Asia, Western Europe, and Latin America display higher optimism about Bitcoin’s potential to reach the $100,000 to $150,000 range compared to their MENA counterparts. Nonetheless, a notable 11% of MENA investors remain even more optimistic, anticipating Bitcoin’s value to surge beyond the $150,000 threshold.
The study also unveils intriguing trends in investment plans for the year 2024. A substantial 82% of surveyed MENA investors intend to amplify their cryptocurrency investments this year, a figure that surpasses the global average of 70%.
News
Instagram Redraws Its Wordmark And The Internet Reads “Instagzam”
Instagram’s first wordmark refresh in a decade arrives with new fonts, a restrained gradient — and a Reddit verdict of sidegrade.
Although Instagram’s famous camera icon hasn’t changed, the company has refreshed the handwritten wordmark at the top of its app. This is the first redesign we’ve seen in ten years, and one the internet promptly set about renaming.
“The wordmark at the top of the app hasn’t changed in 10 years, so it was time for a refresh,” Instagram head Adam Mosseri wrote in a post on August 13, describing the new version as “cleaner and more modern” while keeping references to the original design.
Instagram says its team explored hundreds of options — all-caps lettering, camera-inspired concepts, even literal handwriting — before returning to script. “Script reflects individuality, so referencing that felt right,” Instagram director of product design Jasmine Probst said in Meta’s announcement. “The new wordmark is bolder and simpler, with touches of unexpectedness. It cues individual expression, a personal voice, both of which have always been core to Instagram”.
The wordmark is part of a broader brand overhaul: an updated Instagram Sans typeface, two new fonts — the hand-drawn Instagram Pen and Instagram Mono — plus refreshed motion and layouts, and more restrained use of the signature gradient. The wordmark is rolling out globally now, with the rest arriving throughout 2026 and beyond.
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The design mixes cursive and print lettering, some characters connected and others floating free. That hybrid approach, combined with unusually shaped “s” and “r” characters, led some users to conclude the logo actually reads “Instagzam”. On the r/logodesign subreddit, one user said the wordmark looked “fan-made,” like something built in Canva; another called it “an unsettling mix of manuscript and cursive”; a third summarized it as a “sidegrade” — or, inevitably, a “zidegrade”.
Not everyone was hostile to the new look. Some found the half-cursive design stylish and surprisingly readable, while others called it an improvement on its predecessor, and one commenter argued Instagram was simply adopting minimalist branding later than everyone else. Either way, the platform now has a refreshed identity, three updated fonts, and an unofficial new pronunciation.
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